Bet with Interac
Interac is a payment solution that combines the function of a bank card and a mobile wallet. All online bettors in Canada can use this payment method to bet at many bookmakers.
On this page you will find out everything you need to know about the Interac payment method and the bookmakers that allow this payment service.
Our team has explored the following chapters:
Founded in 1984, Interac was created to give Canadians better access to their money. Then, in 2018, Interac Corp. was formed by merging with Acxsys Corporation to combine the new company’s 2 main services: Interac Debit and Interac e-Transfer.
The Interac Debit solution allows for secure, contactless payment for various everyday purchases. Using your debit card or via its smartphone application, it has never been easier to pay or bet online. Canada’s largest banks accept payments via Interac.
Interac Debit also works as a mobile wallet as you can pay with your phone via Apple Pay, Google Pay and Samsung Pay by linking your debit card to your e-Wallet. The other main function is called Interac e-Transfer: it allows you to send funds anywhere in the world in a very fast way.
How do I bet with Interac?
To use Interac e-Transfer, all you need is a bank account at a bank that accepts this payment method and an email address or cell phone number.
If you wish to send money, for example to a sports betting bookmaker in Canada, must follow the following actions:
- Login online or from an application
- Add the recipient’s phone number or email address
- Enter the desired amount and a security question
To receive money via Interac e-Transfer, you must log in to your bank and answer the security question.
As mentioned above, to use Interac Debit, each customer can link their Debit card to their Apple Pay, Google Pay or Samsung Pay account.
In order to make a deposit at sports betting sites, one must select the Interac Debit payment method from the list and then choose the bank associated with the account.
Let’s move on to the chapter about the bookmakers that allow this payment method in Canada. Except for the bookmaker Bwin, which only accepts Interac for deposits, all other gambling platforms accept Interac for deposits and withdrawals.
Here is the list of bookmakers in Canada that accept Interac:
- Sports Interaction
Payment & Security
On its official website, the company asserts that it has deployed the best security measures, including EMV technology to protect every transaction. Interac also protects its customers against financial losses beyond their control.
The main advice given by the company is to never share your banking information and password.
Are there any payout limits at bookmakers with Interac?
Yes, the payout limits are those imposed by your bank.
How do I make a deposit or withdrawal with Interac at a bookmaker in Canada?
You must select Interac in the “deposit or withdrawal” menu of your online betting account.
Do I need to have an account at a Canadian bank to use Interac?
Yes, you need to have an account with a bank associated with Interac (list on the official website).
Interac is a reliable and secure payment method for all players in Canada. Its solid experience and its association with the largest banks in the country are additional assurances.
As far as sports betting is concerned, Interac can be found on all the bookmakers’ sites in Canada.